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Axis Bank Ltd (AXBK.BO)

AXBK.BO on Bombay Stock Exchange

536.55INR
23 Feb 2018
Change (% chg)

Rs6.55 (+1.24%)
Prev Close
Rs530.00
Open
Rs525.00
Day's High
Rs538.40
Day's Low
Rs525.00
Volume
203,593
Avg. Vol
565,981
52-wk High
Rs627.50
52-wk Low
Rs447.80

Latest Key Developments (Source: Significant Developments)

Axis Bank Says Co Sold All Transactions With PNB Against Authenticated SWIFT LOUs
Wednesday, 14 Feb 2018 11:40pm EST 

Feb 15 (Reuters) - Axis Bank Ltd ::SAYS BANK, THROUGH OVERSEAS BRANCHES, UNDERTAKES TRANSACTIONS AGAINST LETTERS OF UNDERTAKINGS ISSUED BY OTHER BANKS.SAYS BANK HAS UNDERTAKEN SUCH TRANSACTIONS WITH PNB AGAINST AUTHENTICATED SWIFT LOUS.SAYS HAS 'SOLD DOWN ALL OF THE REFERRED TRANSACTIONS'.  Full Article

Axis Bank Says News Item On Co ‍Seeking Bids For Controlling Stake In GMR Chhattisgarh​ is Factually Incorrect
Friday, 29 Dec 2017 05:32am EST 

Dec 29 (Reuters) - Axis Bank Ltd ::AXIS BANK CLARIFIES ON NEWS ITEM ON CO ‍SEEKING BIDS FOR CONTROLLING STAKE IN GMR CHHATTISGARH​.SAYS NEWS ITEM IS FACTUALLY INCORRECT.  Full Article

Axis Bank Sept-qtr profit rises about 36 pct
Tuesday, 17 Oct 2017 08:08am EDT 

Oct 17 (Reuters) - Axis Bank Ltd :Sept quarter net NPA 3.12 percent versus 2.30 percent previous quarter.Sept quarter net profit 4.32 billion rupees versus net profit of 3.19 billion rupees last year.Sept quarter interest earned 112.35 billion rupees versus 111.59 billion rupees last year.Sept quarter provisions 31.40 billion rupees versus 36.23 billion rupees last year.Sept quarter gross NPA 5.90 percent versus 5.03 percent previous quarter.Sept quarter domestic NIM 3.71 percent.Sept quarter global NIM 3.45 percent.Says contribution of watch list to slippages has decreased in recent quarters‍​.Says slippages are predominantly from the ‘bb and below’ pool.Says Q2 watchlist outstanding at 60.52 billion rupees‍​.  Full Article

India's Axis Bank exec: expect provision coverage ratio to be between 60-65 pct
Tuesday, 17 Oct 2017 07:30am EDT 

Oct 17 (Reuters) - India's Axis Bank chief financial officer Jairam Sridharan says::Expect provision coverage ratio between 60-65 percent.Continue to expect normalisation of credit costs in second half of 2017/18.Provided 38 billion rupees so far for bankruptcy accounts versus 70 billion rupees exposure.Trading income contributed to the fall in operating profit.  Full Article

India's Axis Bank Sept-qtr profit up about 36 pct
Tuesday, 17 Oct 2017 06:55am EDT 

Oct 17 (Reuters) - Axis Bank Ltd :Sept quarter net profit 4.32 billion rupees versus net profit of 3.19 billion rupees last year.Sept quarter interest earned 112.35 billion rupees versus 111.59 billion rupees last year.Sept quarter provisions 31.40 billion rupees versus 36.23 billion rupees last year.Sept quarter gross NPA 5.90 percent versus 5.03 percent previous quarter.Sept quarter gross NPA 3.12 percent versus 2.30 percent previous quarter.Sept quarter domestic NIM 3.71 percent.Sept quarter global NIM 3.45 percent.Says contribution of watch list to slippages has decreased in recent quarters‍​.Says slippages are predominantly from the ‘bb and below’ pool.  Full Article

Axis Bank says had exposure on 12 accounts mentioned by RBI for insolvency proceedings
Thursday, 31 Aug 2017 11:31pm EDT 

Sept 1 (Reuters) - Axis Bank Ltd ::Says bank had exposure on 12 of the accounts mentioned by RBI for insolvency proceedings.Says total fund based outstanding of bank on accounts in RBI directions was INR 18.43 billion; non fund based outstanding was INR 6.49 billion.  Full Article

India's Axis Bank approves re-appointment of Shikha Sharma as CEO
Thursday, 27 Jul 2017 06:21am EDT 

July 27 (Reuters) - Axis Bank Ltd ::Says approved re-appointment of Shikha Sharma as managing director & CEO of bank for a period of 3 years.  Full Article

Axis Bank to buy Freecharge
Thursday, 27 Jul 2017 02:52am EDT 

July 27 (Reuters) - Axis Bank Ltd :Says entered into a share purchase agreement ('SPA') with Jasper Infotech Private Limited.Says deal for cash consideration of INR 3.85 billion.Says agreement to buy 100 % equity capital of Accelyst Solutions & Freecharge Payment Technologies Private Limited.Says indicative time period for completion of acquisition is 2 months.  Full Article

India's Axis bank exec: hopeful of coming back to long-term average credit cost of 94 bps in FY19
Tuesday, 25 Jul 2017 08:07am EDT 

July 25 (Reuters) - India's Axis Bank :Exec says has provisions of about 25.2 billion rupees on borrowers taken to bankruptcy.Exec says big bulk of slippages that were to happen from watch list largely done.Exec says hopeful of coming back to long-term average credit cost of 94 bps in 2018/19.  Full Article

Axis Bank June-qtr profit down about 16 pct
Tuesday, 25 Jul 2017 07:05am EDT 

July 25 (Reuters) - Axis Bank Ltd :June quarter net profit 13.06 billion rupees versus net profit of 15.56 billion rupees year ago.Consensus forecast for June quarter net profit was 12.82 billion rupees.June quarter interest earned 110.52 billion rupees versus 111.14 billion rupees year ago.June quarter provisions 23.42 billion rupees versus 21.17 billion rupees year ago.June qtr gross NPA 5.03 pct VS 5.04 pct previous qtr .June qtr net NPA 2.30 pct vs 2.11 pct previous qtr .Says June quarter NIM stood at 3.63 pct.As on 30th June 2017, loans outstanding on bank's watch list declined 16 percent over previous quarter and stood at 79.41 billion rupees.  Full Article

BRIEF-Axis Bank Fixes 1 Year MCLR At 8.40 Pct

* SAYS DECIDED TO FIX 1 YEAR MCLR AT 8.40 PERCENT W.E.F. 17TH FEBRUARY 2018 Source text - http://bit.ly/2ESgt5M Further company coverage: